Ali Khamenei’s son Mojtaba has been named Iran’s new leader. US President Donald Trump previously said Mojtaba would be an “unacceptable” choice and Israel has vowed to target any successor.
Asian markets closed with steep losses as oil surged past $100 per barrel, a four-year high. The IMF chief warned of global inflation risks, advising policymakers to prepare for “the unthinkable.”
Israel said it launched fresh attacks on Iran. Gulf nations also reported overnight strikes.
New video appears to confirm a US airstrike targeted a naval base next to an Iranian school. Defense Secretary Pete Hegseth said the US was “still investigating” while Trump cast blame on Iran.
